PMS AUM rises 2% in July to Rs 44 lakh crore

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Key points

• Top Trending Stocks: SBI Share Cost, Axis Bank Share Rate, HDFC Bank Share Cost, Infosys Share Rate, Wipro Share Cost, NTPC Share Rate.
• India's PMS industry expanded in July, with AUM rising 2% month-on-month to Rs 44.11 lakh crore and clients increasing 1.3% to 2.23 lakh.
• India's PMS Industry AUM rises 2% in July to Rs 44 lakh crore, client base grows 1.3%: APMI.
• The discretionary segment continued to anchor the industry, accounting for 84.7% of total AUM and 95.5% of the client base.
• PMS industry Indiaportfolio management servicesPMS AUMAPMIJuly 2026 PMS dataPMS investorsPMS inflowsportfolio managerswealth management Indiadiscretionary PMS.

India's PMS Industry AUM rises 2% in July to Rs 44 lakh crore, client base grows 1.3%: APMI. ET OnlineLast Updated: Aug 21, 2026, 07: 18: 00 PM IST.

India's PMS industry expanded in July, with AUM rising 2% month-on-month to Rs 44.11 lakh crore and clients increasing 1.3% to 2.23 lakh. While robust inflows, expanding distributors and domestic investors backed continued industry expansion, annual expansion stood near 11%. Listen to this article in summarized format. Unlock AI Briefing and Premium Content. Subscribe Now Already a member? Sign In.

India's Portfolio Management Services (PMS) industry continued its expansion trajectory in July, with Assets Under Management (AUM) rising 2.0% month on month to approximately Rs 44.11 lakh crore and the client base expanding 1.3% to approximately 2.23 lakh accounts, according to the July 2026 PMS Industry Compendium of the Association of Portfolio Managers in India (APMI). On a year-on-year basis, both AUM and the client base grew by approximately 11%. Since the beginning of FY27, the AUM has grown 4.3% while the client base has expanded by 5.2%.

Bitcoin jumps 9% in a single day to cross $79K as institutional flows, regulatory optimism fuel crypto rally The industry additionally recorded its highest monthly addition of distributors in FY27 so far, with 1, 226 individuals and 181 non-individual distributors joining the ecosystem in July. Their cumulative numbers rose to 21, 650 and 3, 144, respectively. The expansion in the distribution network signals increasing reach and accessibility of PMS offerings throughout the investor base. Live Events.

Meanwhile, the discretionary segment continued to anchor the industry, accounting for 84.7% of total AUM and 95.5% of the client base. Among the service categories, co-investment recorded the highest month on month AUM expansion at 10.2%, followed by advisory at 3.0%, non-discretionary at 2.9% and discretionary at 1.8%. Capital flows remained solid during the month, with total PMS net inflows increasing to ₹4.66 lakh crore in July from ₹3.55 lakh crore in June. While non-discretionary services recorded net inflows of ₹3, 797 crore during the month, discretionary services accounted for the bulk of the inflows, recording net inflows of ₹4.62 lakh crore. Domestic investors continued to form the core of the PMS ecosystem, accounting for 91% of the total client base and 95% of total AUM in July. While PF and EPFO assets continued to account for approximately 79% of the domestic AUM base, domestic AUM grew 2.0% month on month. Throughout asset classes, equity and plain debt each grew 1.5% during the month. While structured debt grew 0.6%, mutual fund assets rose 3.6%. Plain debt remained the largest asset allocation, accounting for 83% of the PMS book and contributing significantly to the overall growth in AUM during the month. "The PMS industry has reached a scale where its next phase must be defined by greater and wider investor participation, coupled with greater ease of investing. The expanding investor and distributor base reflects the growing acceptance of PMS and presents an opportunity to take PMS solutions to a broader pool of investors. While fostering innovation and strengthening the ecosystem for the next phase of India's wealth creation journey, " remarked Vikas Khemani, Chairman, APMI, at APMI, we will continue to raise the bar on transparency, governance and investor awareness. Rs 30, 000 monthly SIP throughout 10 funds. Why this investor's mutual fund portfolio may need a reset Further reflecting the growing maturity of the industry, the number of SEBI registered portfolio managers reached 534. The Compendium notes that the pace of additions has accelerated over recent years, indicating growing interest in and adoption of portfolio management services. APMI remains committed to being the collective voice of the PMS ecosystem, championing investor first practices, enabling collaboration and fostering a high trust environment that supports sustainable expansion for investment managers and clients. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times).

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In short, PMS AUM rises 2% in July to Rs 44 lakh crore is the central thread here, and readers can expect follow-up reporting as the picture becomes clearer.